Daytona Beach, FL—ForHealth Technologies has closed on a total of $9 million of new capital financing. The round consisted of a $4 million equity component and an additional $5 million of debt financing.

The company is preparing to launch its second softwware product.

The new equity investments were made by existing investors, including New EnterpriseAssociates, National Healthcare Services, Red River Ventures, and Chisholm Private Capital. The debtfinancing was provided by Square 1 Bank.

The company says hospital pharmacies have prepared more than twenty million patient doses ofinjectable medications using ForHealth Technologies’ IntelliFill i.v. syringe-based dose preparation systems.

“We continue to be extremely excited about FHT’s prospects and look forwardto their continued market and product expansion and growth,” William D. Paiva, Ph.D., Chisholm Private Capital general partner. “FHT is well positioned as the dominant player in the management and automation of the IV room.”

“Hospital pharmacy spending on medications and administration systemscontinues to grow substantially as does their dependence on intravenous administration.

ForHealth is ideally positioned to address these unique needs,” said Ryan Drant, general partner, New Enterprise Associates.

ForHealth was founded in 1998.

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